easing

The stablecoin USDC issuer Circle announced its Q3 2026 financial report, with total revenue and reserve income reaching $865 million, a year-on-year increase of 17%. The net profit from continuing operations was $226 million, a year-on-year increase of 5%; adjusted EBITDA was $317 million, a year-on-year increase of 85%.Breaking it down, reserve income was $658 million, a year-on-year decrease of 8%; other income was $207 million, a year-on-year increase of 627%, of which $182 million came from the ARC token presale. In Q3, the average circulation of USDC was $73.3 billion, a year-on-year increase of 8%; on-chain transaction volume reached $13.9 trillion, a year-on-year increase of 49%. At the end of the period, USDC's market share was 27%, and the number of wallets holding over $10 USDC reached 7.3 million, a year-on-year increase of 16%.In terms of business, Circle's payment network achieved an annualized total payment volume of $41.3 billion. The company has signed a definitive agreement to acquire the Singapore cross-border payment platform Tazapay, with the transaction expected to be completed in 2027. Additionally, Circle laid off about 5% of its workforce in Q3 and maintained its full-year financial guidance for 2026.

According to the official announcement from Alchemy Pay, the company has obtained a Money Transmission License (MTL) issued by the Mississippi Department of Banking and Consumer Finance. Currently, the number of states in the U.S. where it has obtained a money transmission license has increased to 20, and applications for licenses in several other states are still under review.

According to a report by Reuters on November 4, citing the Financial Times, Oracle has canceled a multi-billion dollar chip leasing contract with Tencent. The report stated that U.S. officials had expressed concerns to Oracle about the deal, and Oracle abandoned the agreement under pressure from the Trump administration.It was reported that Tencent also hosted high-level officials from Guangdong Province, who requested the company to support domestic chips. Reuters stated that it was unable to immediately verify the above report, and Oracle, Tencent, and the White House did not respond to Reuters' request for comment.The Financial Times reported last month that Tencent signed its largest overseas leasing agreement with Oracle, valued at approximately $7 billion. The five-year agreement covered multiple data centers of Oracle in Southeast Asia and was originally expected to allow Tencent to obtain about 100,000 advanced AI chips that could not be acquired in China due to related restrictions between Washington and Beijing.

The tokenized securities trading platform OKXICE TSV released a public notice on November 3rd, stating that Home Depot, GE Vernova, and Apple have joined the ranks opposing the tokenized trading of their stocks on the platform.The number of companies submitting objections increased from 56 on November 2nd to 59. According to the SEC's stipulated 30-day window, the deadline for objections from companies notified on October 4th is November 3rd, and the platform has up to 5 business days to announce the objections.

According to the OKXICE announcement, its updated issuer objection list on November 2 has added Amazon, Tesla, SpaceX, Netflix, SoFi Technologies, and Lam Research. Compared to the version on October 30, the list has increased from 50 to 56 companies.OKXICE TSV is a joint venture platform owned 50% by ICE Holdings, a subsidiary of Intercontinental Exchange, and 50% by OKC USA, which plans to provide tokenized secondary trading of U.S. stocks, with trading pairs including payment stablecoins.

In this round of the U.S. stock earnings season, multiple companies have announced layoff plans in response to the rise of artificial intelligence, with the number of S&P 500 constituent companies announcing large-scale restructuring plans expected to increase by about 20% year-over-year.After PayPal and Microsoft announced layoff plans, their stock prices rose slightly, while Volvo's stock price fell sharply due to expanded layoffs in response to shrinking demand in the Asian market.

According to CoinDesk, Bitcoin mining company turned data center developer Cipher Digital reported a net profit of 31.6 million USD for the third quarter, despite a 63% year-over-year decline in revenue. Revenue fell from 71.7 million USD in the same period last year to 26.7 million USD, with Bitcoin mining contributing 20.8 million USD, a 71% decrease, as Cipher shifted its computing power from mining to leasing data centers to AI companies.This quarter, Cipher generated revenue from this business for the first time, with its Texas Black Pearl data center bringing in 5.9 million USD after commencing operations in August. Cipher reported an operating loss of 71.9 million USD, up from 37.6 million USD in the same period last year; adjusted EBITDA dropped from a positive 40.8 million USD to a negative 10 million USD. The net profit mainly came from a 127.2 million USD non-cash accounting gain related to warrants from Google, which does not represent cash actually received by Cipher. Recently, Cipher extended the lease term for the Barber Lake data center to 20 years, bringing the site's contract revenue to approximately 9.1 billion USD.

Bitcoin Treasuries posted on platform X that Super League, a subsidiary of Metaplanet in the United States, purchased an additional 8 BTC before the completion of the transaction, bringing its total holdings to 15 BTC.This move will enable Metaplanet to enter the capital markets of two continents.

According to Gate market data, the three major U.S. stock index futures continued to rise, with the Nasdaq 100 index futures once increasing by over 1%, the S&P 500 index futures rising by 0.52%, and the Dow futures rising by 0.39%.

Goldman Sachs has raised its oil price forecasts for the end of this year and 2027 due to rising risks in crude oil supply. Analysts expect Brent crude oil prices to reach $105 per barrel in December, up from the previous forecast of $90. The market is factoring in the risks of escalating situations following the U.S. midterm elections on November 3.

Cryptocurrency analyst Darkfost stated that after Binance experienced approximately $6.3 billion in assets being stolen, the decline in major cryptocurrency reserves on that day was relatively limited. He believes that despite the scale of the attack, the changes in reserves indicate that the platform still has the capacity to absorb the shock and minimize the impact on users.According to his tracking, during the relevant block interval, Binance saw outflows of 18,279 BTC, 185 million XRP, and $1.67 billion worth of USDT. ETH was withdrawn in two batches, totaling 246,840 coins, with 167,464 coins and 79,376 coins respectively.From the changes in reserves on that day, BTC reserves decreased by 3.1% to over 682,000 coins; ETH reserves decreased by 8.5% to 3.3 million coins; XRP reserves decreased by 8% to 2.47 billion coins; and USDT reserves decreased by 6.3% to 34.1 billion coins. Based on this, Darkfost concluded that the impact on the platform's reserves was relatively limited, and the effect on users also seemed to be quite limited.Regarding asset freezes, approximately $3 billion in assets have been frozen, including $1.567 billion in USDT and over $800 million in USDC. Binance has also committed to covering the losses through the SAFU fund and company reserves.

Elon Musk responded with an emoji under the discussion related to the Binance security incident. Binance founder CZ stated that, although he respects Musk greatly, this is not the time for jokes and asked him to stop.CZ also mentioned that Binance invested $500 million when Musk acquired Twitter, and the SPCX shares held as a result are now worth over $1 billion, hoping that Musk can provide some support.

Bitcoin Treasury Company Strategy stated in its third-quarter earnings call that it plans to finance its continued acquisition of Bitcoin through the issuance of preferred stock. Executive Chairman Michael Saylor mentioned that the company could create up to $30 billion in digital credit using its existing balance sheet, without the need for additional issuance of common stock or relying on further increases in Bitcoin prices.Strategy's Chief Executive Officer Phong Le indicated that issuing digital credit will be the primary means of acquiring Bitcoin. If the company raises between $1 billion and $2 billion monthly through preferred stock like STRC, part of the funds will go into dollar reserves, while the remainder will be used to purchase Bitcoin. This move marks a shift in the company's financing method from convertible bonds and common stock sales to preferred stock.The earnings report showed that Strategy's net profit for the third quarter was $19.53 billion, primarily driven by an increase in the value of digital assets by $20.91 billion. As of October 25, the company held 848,517 Bitcoins, representing a year-to-date increase of 26%. Saylor emphasized that the $30 billion represents a potential limit, not an announced financing target.

Coinbase stated on platform X that it predicts the annualized revenue for Q3 will exceed 200 million dollars, with the number of daily traders increasing by over 60% month-over-month.Coinbase's market share of cryptocurrency trading volume has increased for the fourth consecutive quarter, nearly doubling compared to the same period last year; the average holding of USDC in its products has reached a record high for the 14th consecutive quarter, and the subscription volume for CB1 has reached a record high for the 5th consecutive quarter.

Federal Reserve Chairman Waller stated that we canceled a round of easing measures in September.

At the Decoding China 2026 event, Huawei announced the introduction of the time compression concept of the "Tao (τ) Law" into base station product design for the first time, summarizing the challenges faced by traditional basebands within a single TTI as "endless calculations and incomplete transmissions."At the same time, Huawei released the OSCAR intelligent channel processing solution and the new generation UBBPi baseband series, providing a collaborative solution direction for the constraints of computation and transmission within a single TTI.

This analysis reminds that the indicator is also rising near the top in 2025, when long-term holders are profiting by selling to new buyers, so the rise does not guarantee that prices will continue to increase.Subsequently, attention should be paid to whether this indicator can continue to expand, and whether prices can maintain their gains when capital inflows increase.

The trading platform Robinhood announced its third-quarter financial report, with revenue of $1.42 billion, slightly below Wall Street's expectation of about $1.43 billion; earnings per share were $0.51, lower than the expected $0.55 and also down from $0.61 in the same period last year. Net profit was $476 million, a year-on-year decrease of 14% and a quarter-on-quarter decrease of 17%. This quarter included an unrealized loss of $67 million from Robinhood Ventures Fund I, equivalent to $0.07 per share; adjusted earnings per share were $0.60, a year-on-year decrease of 3%. After the financial report was released, the stock price fell in after-hours trading, closing at about $94.61 on Tuesday, a cumulative decline of about 18% for the year.By business segment, event contract revenue increased from $156 million in the second quarter to $173 million, with customer trading volume reaching a record 16.4 billion contracts, more than seven times that of the same period last year. Cryptocurrency trading revenue rebounded from $100 million in the second quarter to $120 million, but was down 55% from $268 million in the third quarter of 2025; this quarter's cryptocurrency trading volume was $50 billion, a year-on-year decrease of 38%, with $21 billion from in-app and $29 billion from its acquired exchange Bitstamp.Robinhood narrowed its guidance for adjusted operating expenses and equity incentive costs for 2026 to $2.675 billion to $2.75 billion, lowering the previous upper limit of $2.775 billion. A few hours before the financial report was released, the company announced a partnership with Ripple to introduce the stablecoin RLUSD to Robinhood Chain and Bitstamp, with plans to launch it in-app later this year; RLUSD has a market capitalization of over $2.5 billion, and Ripple will also provide fund management software and lending services for Bitstamp traders. Robinhood Chain went live as a Layer 2 network on July 1, generating about $3.13 million in fees within 30 days as of the end of August, surpassing Ethereum and Base.